ACCESS Newswire reports Q4 non-GAAP EPS 21c vs. (7c) last year

Reports Q4 revenue $5.8M vs. $5.76M last year. “Our core business grew modestly in the fourth quarter. During the quarter we executed on several key initiatives, including completion of our rebrand, advancing the strategic sale of our compliance business, which was completed at the end of February, and expanding our subscription business,” said Brian R. Balbirnie, ACCESS Newswire’s (ACCS) Founder and Chief Executive Officer. “Looking ahead, we now have a singular focus on our communications business, and we believe a defined path toward improving gross margins and EBITDA margins through operational efficiency and subscription growth. Similar to the fourth quarter, our first quarter will include transaction adjustments-both on the balance sheet, with debt repayment, and on the statement of operations, reflecting the discontinued operations of the compliance business. Additionally, as we move beyond the first quarter, we remain committed to optimizing our capital allocation strategy and increasing our customer counts and market share,” added Mr. Balbirnie.